In a message to the Treasury, one council chief mentioned: ‘Do not faux that is about fixing council tax issues.’
Chancellor Rachel Reeves (Picture: Getty)
Native councillors have slammed Rachel Reeves over her so-called mansion tax plans. The Chancellor has been accused of “deceptive” the general public over the brand new Excessive Worth Council Tax Surcharge (HVCTS), introduced in November’s Finances.
The levy, set to be launched in April 2028, is positioned on house owners of houses in England value £2 million or extra. Funds raised from the levy will reportedly go straight to the Treasury, nevertheless city corridor chiefs are believed to be livid because it has been labelled as a “council tax”. Council representatives have complained to the Authorities, claiming that is “deceptive” because the identify of the tax really suggests money raised could be going to native city halls.
Rachel Reeves introduced the mansion tax plans at November’s Finances (Picture: Getty)
Cllr Elizabeth Campbell, chief of the Conservative-led Royal Borough of Kensington and Chelsea, advised The Telegraph: “In the event that they need to reform native authorities taxes, they need to do this. However don’t faux that is about fixing council tax issues.
“That is an underhand means of placing a wealth tax on property. Let’s name a spade a spade. In the event that they need to be socialist, be up entrance about it.”
She added: “The phrase council tax means we levy it on occupiers, it’s a native tax, raised regionally, to be spent regionally. This isn’t that – it’s a tax on the house owners not the occupiers. It has nothing to do with native providers. We gained’t see a penny of it.”
In response to The Telegraph report, a Treasury spokesperson mentioned: “This tax might be paid alongside present council tax and picked up by councils.
“Income might be used to assist funding for native authorities providers, with additional element set to be set out on the subsequent spending assessment.”
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